Boat Insurance

Boat Insurance

Whether you own a personal watercraft, small ski boat, fishing boat, or a 26-foot cruiser, knowing that you're covered by Marshall Young Insurance should give you the peace of mind to relax and enjoy every nautical mile.

What We Insure

We insure a full range of recreational boats including:

Bass Boats
Fish and Ski
Cabin Cruisers
Sailboats
Pontoons
Jet Boats
Ski Boats
Runabouts
Jon Boats
Personal Watercraft
Yachts

Why Insure Your Boat or Personal Watercraft?

In tough economic times some people are tempted to let insurance coverages lapse. Should you ever need to use your watercraft insurance, however, it is one of the best investments you could make. Here are a few things to consider:

If you're in an accident or your watercraft is stolen, it costs money, often a lot of money, to fix or replace it.
If you or any passengers are injured in an accident, medical costs can be extremely expensive.
If your watercraft is responsible for damage or injury to others, you may be sued for much more than you're worth.
If you are injured by an uninsured boater, uninsured watercraft coverage will provide coverage for you.

Your Watercraft Insurance Coverage Options

We can help make your time on the water relaxed and worry-free! We offer comprehensive coverages that protecst you, your friends and family, your watercraft and your boating equipment. The average boat costs less than a dollar a day to insure. You’ll enjoy being on the water even more when you aren't worried about your safety, the safety your passengers, or your investment.

Full Coverage policies generally include:

Navigational Area

Know where you are covered in the water. Some insurance companies offer protection that covers you up to 75 miles from the U.S. coastline; into Canadian coastal or inland waters; and into the Pacific coastal waters of Mexico. In California, Florida and Oregon, additional coverage area can be purchased.

Agreed Value Coverage

Watercrafts depreciate just like automobiles. Actual cash value policies can make it difficult to replace a boat that’s been stolen or destroyed. This means that if your boat is a total loss you will get the value you insured it for, minus any deductible.

Liability

Like auto insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages and other costs incurred as a result of a boating accident for which you are at-fault.

Medical Payments

Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at-fault.

Physical Damage Coverage

Physical damage coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer, if it is stolen or damaged in a covered event.

Uninsured/Underinsured Watercraft Bodily Injury

Since boat coverage is not mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater, and you are injured, this coverage pays for medical treatment, lost wages, and other costs associated with the accident.

Fuel Spill Liability and Wreckage Removal

Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. As the boat's owner you are required by law to have this cleaned up, which can be time consuming and expensive.

Personal Effects

Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment. Basically anything thats use is not limited strictly to a boat or boating is covered but limits do vary so check with us for what is required in Texas. Personal effects coverage does not include jewelery, watches or furs.

Unattached Equipment Coverage

This pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft, but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps etc.

Emergency Assistance

The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.